Ongoing Crisis Set To Plunge UK Tenants Into Months Of Rent Arrear Payments

New research has revealed that UK tenants could be facing months of rent arrear payments as a result of the current pandemic, with the worst-hit taking 14 months to repay three months rent. Currently, tenants unable to pay their rent are safe from eviction, with the Government just announcing a two-month extension to the non-eviction period. To balance the books, the Government has also implemented a buy-to-let mortgage holiday for landlords struggling as a result, recently extending this to six months for those in need. However, tenants still need to fulfil their rental obligations and those unable to pay at present could be facing lengthy backlogs of rental arrears payments. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/landlords/ongoing-crisis-set-to-plunge-uk-tenants-into-months-of-rent-arrear-payments.html